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3 years ago

A mutual fund has $2 million in cash and $6 million invested in securities. It currently has 1 million shares outstanding.

Business

1 answer:

Mamont248 [21]3 years ago

5 0

Answer:

a. NAV = 8 per share

b. 250.000 shares

c. 7.95

Explanation:

a. NAV = Market value of shares/number of shares = $8m/1m = $8 per share

b. At the current NAV, it can absorb up to $2 million, or 250,000 shares.

c-1. Its loss by selling 25,000 shares of IBM at $34 instead of $36 = -$2 x 25,000 = -$50,000.

New NAV = $7,950,000 /1m = $7.95

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A recent high school graduate is researching ways she can pay for her college education. She has received three small scholarshi

kkurt [141]

Answer:

C and D

Explanation:

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3 years ago

Majestic Corporation manufactures wheel barrows and uses budgeted machine hours to allocate variable manufacturing overhead. The

andre [41]

Answer:

$409185

Explanation:

Given: Budgeted output units: 28,475 units

Budgeted machine-hours: 17,085 hours

Budgeted variable manufacturing overhead costs for 28,475 units: $358,785

Actual output units produced: 32,475 units

Actual machine-hours used: 15,000 hours

Actual variable manufacturing overhead costs: $384,060.

First, we will find Budgeted machine hour per unit produced.

Budgeted machine hour per unit produced= $\frac{Budgeted\ machine\ hour}{Budgeted\ units}$

⇒ $Budgeted machine hour per unit produced= 17085\div 28475= 0.6$

∴Budgeted machine hour per unit produced= 0.6

Budgeted machine hours allowed for 32475 units= $32475\times 0.6= 19485$

Budgeted variable overhead rate per machine hour= $\textrm {Budgeted variable manufacturing overhead costs}\div Budgeted\ machine\ hours$

Budgeted variable overhead rate per machine hour= $358785\div 17085= \$ 21$

Now, lets find out flexible budget amount.

Flexible budget amount= $\textrm{Budgeted machine hours allowed}\times \textrm{Budgeted variable overhead rate}$

Flexible budget amount= $19485\times \$ 21= \$ 409185$

∴Flexible budget amount for variable manufacturing overhead= $409185

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3 years ago

Cyclical unemployment is BEST described as unemployment arising from

Ira Lisetskai [31]

Answer:

Contraction cycle or Recession

Explanation:

The cyclical unemployment is due to the cycles of economy ( expantion:Grow and contraction: recession) Under these circumstances unemployment is considered normal as the economy cannot sustain itself always in an expansion cycle.

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3 years ago

Which of the following is an example of objective evidence?

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Answer:

B. The physical count of securities and cash

Explanation:

An objective is the business's goal and in order to see that the quantity would need to be in a physical sense to see growth over time.

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3 years ago

Princess, who resides in the 2nd Circuit, recently found a circuit court case that is favorable to her income tax research quest

lapo4ka [179]

The correct answer is C) 2nd Circuit or the Federal Circuit.

Princess, who resides in the 2nd Circuit, recently found a circuit court case that is favorable to her income tax research question. The circuits that she would prefer to have issued the opinion are the 2nd Circuit or the Federal Circuit.

Princess has to go to the 2nd Circuit Court of Appeals that is located in Manhattan, New York, at the Thurgood Marshall US Courthouse. It exercises federal jurisdiction in six districts of the states of Vermont, New York, and Connecticut. The 2nd Circuit Court of Appeals was established by Congress in 1891.

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3 years ago